Zions Bancorporation N.A. Has $1.53 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Zions Bancorporation N.A. increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,668 shares of the technology company’s stock after purchasing an additional 1,265 shares during the period. Zions Bancorporation N.A.’s holdings in Jack Henry & Associates were worth $1,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Tortoise Investment Management LLC boosted its holdings in Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after acquiring an additional 71 shares during the period. New Covenant Trust Company N.A. bought a new stake in Jack Henry & Associates during the first quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Jack Henry & Associates during the third quarter valued at about $48,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Jack Henry & Associates during the second quarter valued at about $63,000. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Compass Point initiated coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective on the stock. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $172.45 on Friday. The company’s 50 day moving average price is $179.40 and its two-hundred day moving average price is $170.87. Jack Henry & Associates, Inc. has a 12-month low of $151.05 and a 12-month high of $189.63. The firm has a market cap of $12.58 billion, a PE ratio of 31.58, a PEG ratio of 3.29 and a beta of 0.63. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter in the prior year, the firm posted $1.39 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s payout ratio is 40.29%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.